Barclays sees 23% dark pool rise

Barclays Sign

Barclays had a 23% rise in the number of U.S. shares traded in its dark pool, edging the bank to the cusp of top 10 venues after volume collapsed when it was sued for allegedly lying to customers.

Bloomberg News reports that about 127 million shares traded in the private platform in the week starting Sept. 22 up from 103 million a week earlier, making it the 11th largest, according to data from the Financial Industry Regulatory Authority.

Barclays is fighting allegations it lied to customers and masked the role of high-frequency traders to boost revenue at what used to be Wall Street’s second-largest dark pool. Last week, Britain’s second-largest lender reiterated that New York Attorney General Eric Schneiderman’s June 25 complaint is based on 'factual and legal errors' and should be dismissed.

Hit the link below to access the complete Bloomberg News article:

Barclays Dark Pool Trading Rises 23% as Bank Recovers

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